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Eagle Materials Q3 Earnings Call Highlights
['Max Byerly']
Ticker Report
Operating earnings in heavy materials increased 9%, primarily due to higher cement volumes.
Operating earnings in the segment fell 25% to $73 million, primarily because of lower wallboard volumes and pricing.
During the fiscal third quarter, Eagle returned nearly $150 million to shareholders through dividends and share repurchases, including approximately 648,000 shares repurchased.
About Eagle Materials (NYSE:EXP)Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States.
Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.